Potential changes in the EU ETS scheme for Norwegian mills in 2026-2030

The Norwegian Environment Agency (In Norway: Miljødirektoratet) has given prior notice of a potential decision to exclude Norske Skog Skogn and Norske Skog Saugbrugs from participation in the European Union Emission Trading System (EU ETS) in the period from 2026 to 2030, with the effect that the mills do not receive free allocation of European Union Allowances (EUAs) in the period.

“This is a significant setback for sustainable industry and very disappointing for everyone that has invested and prioritised a transition from fossil fuels to renewable energy. Implementation of the revised biomass qualification criterion will incentivise installations to continue or even increase their use of fossil fuels. Together with industry partners and stakeholders, we will work towards biomass being treated on equal basis to other decarbonisation measures. On the positive side, we see positive political development for CO2 compensation being reintroduced in Austria, which would neutralize the effects of exclusion from free allocation of EUAs in Norway”, says CEO Geir Drangsland.
more at: https://www.norskeskog.com/investors/press-releases/english-press-releases/potential-changes-in-the-eu-ets-scheme-for-norwegian-mills-in-2026-2030?PID=4684&M=NewsV2&Action=1

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